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CFPB

Alta Best Practices

Title Insurance and Settlement Company Best Practices as performed at Genesis Abstract, LLC

The president of Genesis Abstract, LLC, Anne L. Anastasi served as President of the American Land Title Association (ALTA) in 2011 during which time the concept of the ALTA Best Practices was developed. Long an advocate for professionalism in the title insurance industry, Anne guides Genesis with a tremendous amount of knowledge, background and care. Anne also holds the nation's highest professional designation in the title industry, National Title Professional, NTP which further demonstrates her desire to run a professional and compliant operation while serving the consumer well.

The employees of Genesis are hired with great care holding integrity as the primary qualification. We can teach people how to search, exam, close and insure but we recognize that you cannot teach integrity. Education about the industry and training are a regular and on-going activity at Genesis.

All 7 Pillars of the ALTA Best Practices are the way for Genesis to demonstrate its commitment to our clients and our business partners.

If you have any questions about the policies and procedures as they are implemented at Genesis please feel free to call Anne Anastasi at 215-441-5500.


Best Practices - Licensing
Establish and maintain current license(s) as required to conduct the business of title insurance and settlement services.


Best Practices - Escrow & Trust Account
Adopt and maintain appropriate written procedures and controls for Escrow/Trust accounts.


Best Practices - Privacy & Information Security
Adopt and maintain a written privacy and information security program to protect Non-public Personal Information as required by local, state and federal law.


Best Practices - Recording & Pricing Procedures
Adopt standard real estate settlement procedures and policies that helps ensure compliance with Federal and State Consumer Financial Laws as applicable to the Settlement Process.


Best Practices - Title Policy Procedures
Adopt and maintain written procedures related to title policy production, delivery, reporting and premium remittance.


Best Practices - Professional Liability Insurance
Maintain appropriate professional liability insurance and fidelity coverage.


Best Practices - Resolving Consumer Complaints
Adopt and maintain procedures for resolving consumer complaints.

For a complete copy of the Genesis Abstract Best Practice Manual, kindly email: aanastasi@genesisabstract.com with your request.